To require candidates for President of the United States to release tax returns and sell off potential conflicts of interest, and other purposes.
In The House of Representatives
Q1 1987
Mr. KROL of South Dakota, for himself and others, introduces:
A Bill
To require candidates for President of the United States to release tax returns and sell off potential conflicts of interest, and other purposes.
Be It Enacted by the Senate and the House of Representatives of the United States of America in Congress Assembled:
SECTION 1: Short Title
The act may be cited as "Forcing American Integrity by Regulating Elections Act of 1987".
SECTION 2: Disclosure Requirements
Any candidate filing with the Federal Election Commission to seek either the office of President of the United States of America or Vice President of the United States of America is required to publically submit tax returns for the six (6) fiscal years before the fiscal year in which the election will occur. Failure to do so with six months of Election Day will result in a fine, as determined by the Federal Election Commission. Providing false or otherwise inaccruate or misleading documentation is subject to no more than ten (10) years in federal prison, $1,000,000 in fines, or both.
SECTION 3: Blind Trust
Any personal holding determined by the Federal Election Commission to be conflict of interest with the holding of the office of President of the United States or Vice President of the United States must be sold off in a blind trust as defined by within six months of Inauguration Day. Failure to do so is subject to no more than ninety (90) days in federal prison, $500,000 in fines, or both.
SECTION 4: Presidential Debates
The Federal Election Commission will organize and host no fewer than three (3) debates between any candidate for President of the United States of America, legitimately nominated by a political party, who is polling at least 5% in an average of the five (5) most reliable an accurate national polls, as determined by the Federal Elections Commission. The Federal Election Commission is encouraged to work with private donors to fund this project.
SECTION 5: Vice Presidential Debates
The Federal Election Commission will organize and host no fewer than one (1) debate between any candidate for Vice President of the United States of America, legitimately nominated by a political party, who is polling at least 5% in an average of the five (5) most reliable an accurate national polls, as determined by the Federal Elections Commission. The Federal Election Commission is encouraged to work with private donors to fund this project.
SECTION 6: Tax Checkoff Box
Beginning with Fiscal Year 1988, a tax checkoff box will appear on all United States federal tax forms offering American tax payers the opportunity to donate $3 to the Federal Election Commission for the purpose of funding the provisions of Section 4 and Section 5.
SECTION 7: Federal Election Commissioner
The Federal Election Campaign Act of 1971 is hereby amended to provide for the establishment of a fifth commissioner.
SECTION 8: REQUIRING NATIONAL COMMITTEES OF POLITICAL PARTIES TO FILE CERTAIN PRE-GENERAL ELECTION REPORTS
(a) In General.--Section 304(a)(4)(A)(ii) of the Federal Election Campaign Act of 1971 (2 U.S.C. 434(a)(4)(A)(ii)) is amended by striking ``such election,'' and inserting the following: ``such election (together with, in the case of a national committee of a political party, any other general election),''.
(b) Effective Date.--The amendment made by subsection (a) shall apply with respect to elections occurring after January 1988." (source on this amendment - https://www.congress.gov/bill/105th-congress/house-bill/4781/text?q={"search"%3A["federal+elections"]}&amp;r=2

Name: David Krol
Party: Democratic
Interviewing Agency: Rapid City Journal
"I think we need to have an investigation into the state of the leadership of the Democratic Party. I think the elections were won fairly by the folks they were won by, but the appointment of the third Congressman King, well, that draws some questions. We need to deal with this now and get this stink out of the way before it clogs up the machines of government and limits our ability to work for the American people. I hope an investigation will prove my fears unfounded. I really do. But we can't know unless we allow an investigation to proceed fairly and independently."

Q1 1987 - Press Release #1
Krol Named To Committee
Office of David Krol
Washington, D.C. -- Congressman David Krol (D-SD-AL) has been named as the second-ranking Democrat on the House of Representatives' Health, Education, Labor, and Pension Committee. Krol, a long-time small businessowner and pro-job Governor, is delighted to "be able to take those real-world skills and apply them" to legislation in the House. He said he plans to work very closely with Congressman Jackson Clay (D-IN-6), who is Chairman of the Committee, to "help those Americans left behind by the big business attitude" of the Republican Party.
At the same time, Krol echoed comments made by Clay about the state of the Democratic Party's leadership. Krol, who was a candidate for Chairman of the Democratic National Committee but stepped aside during the process, told reporters that he was "concerned about the allegations of nepotism" and said that "there should be an investigation." "I hope that the investigation will prove our concerns unfounded," Krol said, "But we need to be sure. The dignity of the Democratic Party is at stake." Krol said that he thinks "It's best to deal with these things now" and get them out of the way "so we can get to work."
Contact Press Secretary Scott Turnum for further comment.